File: '\\swfile\EmailIn\20250203 173904 Attachment DIA NEWS - Appoints Nick Horsley CEO - Feb 2024[1].docx'

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MARGARET LAKE DIAMONDS ANNOUNCES NEW CEO AND BOARD MEMEBR

VANCOUVER, BRITISH COLUMBIA - FEBRUARY 3rd 2025 - MARGARET LAKE DIAMONDS INC. (TSXV: DIA) (OTC: DDIAF) (FSE: M85A) ("DIA" or the "Company") announces it has appointed Mr. Robert "Nick" Horsley to the role of CEO and to the board of directors. The Company wishes to thank Mr. Yari Nieken for his tenure as CEO and director and wishes him well in his future endeavors.

Mr. Robert "Nick" Horsley has over 20 years of public markets experience focused on finance, investor relations, marketing, management, and merger & acquisitions. Mr. Horsley has served as a director and a consultant to several public and private companies and has experience in a variety of industries including mineral exploration, telecom, CPG, Esports, and technology.

On behalf of the Board

Margaret Lake Diamonds Inc.

"R. Nick Horsley"

Chief Executive Officer

Tel: 604.740.7492 | Email: rnpshorsley@gmail.com

Disclaimer for Forward-Looking Information

Statements in this press release regarding DIA's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as terms and completion of the proposed transaction. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Trading in the securities of a DIA should be considered highly speculative.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.